Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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Medical reform committee kicks off despite boycott from doctors
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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Monthly users on local streaming platforms outpace Netflix, Disney+
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US will take steps for three-way engagement on nuclear deterrence with S. Korea, Japan: Campbell
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Haiti takes lesson from Korea’s real-estate system
Recent TV coverage of youngsters singing and dancing along with K-pop idol groups during their recent performances in France has left a deep impression on many Koreans. The Korean Wave is not limited to K-pop; it has also been brought about by Korean dramas. Yet there is another area about to create an additional wave, which is Korean cadastre, a comprehensive record of real estate based.Haitian officials ― Leslie Jean Saint Louis, vice president of the Office of National Cadastre of Haiti; Nico
IndustryMarch 13, 2012
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Moonbaesool blends soju with tradition, pride
Intangible cultural heritage heir looks to international marketsSoju has long been a favorite drink of Koreans across all spectrums of society. Its crisp, bittersweet flavor and relatively low price often tempt all from the rank and file to CEOs and presidents in times of economic crisis and personal struggle. Moonbaesool Brewery Co.’s hand-made soju is one of the oldest distilled liquors here, dating back over 150 years. The traditional drink, which was first made using water from Daedong River
IndustryMarch 13, 2012
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Korean, Russian scientists bid to clone mammoth
Russian and South Korean scientists signed a deal Tuesday on joint research intended to recreate a woolly mammoth, an animal which last walked the earth some 10,000 years ago.The deal was signed by Vasily Vasiliev, vice rector of North-Eastern Federal University of the Sakha Republic, and controvers
TechnologyMarch 13, 2012
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Financial firms’ household loans decline in January
Household loans offered by South Korean depository institutions dropped in January for the first time in two years, the central bank said Tuesday, amid the government’s on-going efforts to curb private debts. Household lending handled by local banks and non-bank institutions totaled 639.3 trillion won ($568.3 billion) as of the end of January, down by 3.4 trillion won from the preceding month, according to the Bank of Korea. The monthly decline was the first drop since January of 2010.Household
March 13, 2012
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KIC gets $200m investment quota from China
HONG KONG (Yonhap News) ― South Korea’s sovereign wealth fund has received a regulated quota of $200 million to invest in China’s stock and bond markets, officials said Tuesday.Korea Investment Corp. received the investment quota from the Chinese State Administration of Foreign Exchange about three months after it was granted a license to join China’s qualified foreign institutional investor (QFII) program, a source at the company said.The company will complete its preparation for trading in Chi
March 13, 2012
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Eating only meat may lead to sweet taste loss
A group of U.S. scientists found that several species of mammals that only eat meat have evolved to lose their ability to taste things that are sweet, Science Daily reported Monday. In a previous study, researchers from Monell Chemical Senses Center found that domestic and wild cats, which live exclusively on meat, are unable to taste sweet compounds to genetic defects. To determine if their diet was related to loss of taste, the Monell team then examined the sweet taste receptor genes from 12 r
TechnologyMarch 13, 2012
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Private lenders’ overdue loans surpass W600b
Overdue loans at Korea’s 10 largest private lenders surpassed 600 billion won ($535 million) earlier this year, data showed Tuesday, raising concerns over its impact on household debt.The amount of overdue loans at the 10 players, including market leaders A&P Financial and Sanwa Money, reached 609.9 billion won as of January, up 52.1 percent from a year earlier, according to the data by industry sources and the Financial Supervisory Service.The data also showed that the default rate of the priva
March 13, 2012
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Samsung Fire stays top in insurance market
Samsung Fire & Marine Insurance Co. has retained its top position in South Korea’s nonlife insurance industry for fiscal year 2011, but the gap of its market share compared with its main rival has been narrowed, sources showed Tuesday. According to industry sources, Samsung Fire’s cumulative original premium stood at 12.0 trillion won ($10.7 billion) in the April 2011-January 2012 period, accounting for 26.5 percent of the market. No. 2 player Hyundai Marine & Fire Insurance Co.’s original premi
March 13, 2012
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Red meat boosts risk of dying young: study
Eating a portion of processed red meat daily can boost a person's risk of dying young by up to 20 percent, said a long-running US study of more than 120,000 people released on Monday.While the research by Harvard University experts offers more evidence that eating red meat increases the risk of hear
TechnologyMarch 13, 2012
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Apple says shipment of new iPad may take 2-3 weeks
Apple said that shipments of its new iPad to customers who order it online may take two to three weeks but that the tablet would still be available in stores on Friday.Apple, which has set March 16 as the launch date for all sales of the third-generation iPad, said online pre-orders of the device ha
TechnologyMarch 13, 2012
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Venus and Jupiter cuddling up in night sky
It's not too late to catch the spectacular Venus and Jupiter show.On Monday and Tuesday evenings, the planets will appear just 3 degrees apart in the western sky. The gap has been narrowing since last month.The two planets are visible every night at twilight. Venus is brighter because of its relativ
TechnologyMarch 13, 2012
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BOK opens Shanghai office
South Korea's central bank said Monday that it opened an office in Shanghai in a bid to better monitor the Chinese markets.The Bank of Korea said the new office in Shanghai will help it get better access to Chinese market information on a real-time basis as it has recently been granted a license to
March 12, 2012
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Most outside directors at big firms to be reelected
Lack of accountability, alleged role as lobbyists for firms put them in doubtMore than half of outside directors are set to be reelected at upcoming shareholder’s meetings for the country’s major companies, reigniting the dispute over their “neutral” position. Even new outside director positions are forecast to be filled with retirees from powerful government agencies such as the courts, tax office and prosecution, fueling concern about their roles being reduced to a conduit for lobbying betwee
March 12, 2012
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BOK obtains license to invest in China
The Bank of Korea said on Monday it has been allowed to invest in China’s stock market. China’s State Administration of Foreign Exchange set the investment limit at up to $300 million for Korea’s central bank on Friday, an approval process for investment in the main bourse. The BOK already obtained the license from the Chinese authorities to invest in the inter-bank bond trades, which are functioning as an over-the-counter market, in January this year. The central bank said it will begin investi
March 12, 2012
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Hyosung sponsors Yo-Yo Ma’s lesson for multicultural children
Hyosung Group on Monday sponsored world-renowned cellist Yo-Yo Ma’s special class for multicultural children and invited them to his concert in Seoul.As a global sponsor of the Silk Road Ensemble with Yo-Yo Ma, Hyosung invited 50 members of an orchestra of children of multicultural families to the concert Monday evening at Seoul Arts Center.Yo-Yo Ma and the members of the Silk Road Ensemble also gave a special lesson for the young musicians earlier Monday.Hyosung had sponsored a similar class by
IndustryMarch 12, 2012
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Korea, Qatar agree to seek joint overseas construction projects
Korea and Qatar have agreed to seek joint construction projects in third countries, by combining Korea’s building sector prowess with Qatar’s large national fund, the Land Ministry said Monday.The agreement was reached at a meeting in Doha between Yousef Kamal, Qatar’s minister of economy and finance, and South Korea’s Minister of Land, Transport and Maritime Affairs Kwon Do-youp.Under the agreement, Qatar will use its sovereign wealth fund to help finance overseas construction projects secured
March 12, 2012
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Manufacturers hit by high oil prices: poll
High international oil prices have undermined Korean manufacturers by raising their production costs sharply and eating into profits, a poll showed Monday.The survey of 300 companies nationwide conducted by the Korea Chamber of Commerce and Industry showed 81.6 percent of the respondents saying they were feeling the pinch of steeper oil prices.Prices of the benchmark Dubai crude that make up roughly 80 percent of the country’s oil imports surged to $123 per barrel last Thursday from an average o
March 12, 2012
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Hyundai city car gains popularity in India
Hyundai Motor’s Eon is gaining popularity in India, becoming one of the five best-selling cars in the emerging market.The automaker saw sales of the Eon, a hatchback city car, surpass 10,000 units last month for the first time since its launch in India last September.With 10,480 units, the Eon ranked fifth in sales. The top four best-selling models were Maruti Suzuki’s Alto, Swift, Dzire and Wagon R. Hyundai’s Eon features an 800cc engine, and was launched in the local market in October, with sa
MobilityMarch 12, 2012
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Angry Birds Space unveiled with Samsung
Samsung Electronics said Monday that it had unveiled the latest version of the global hit game Angry Birds at the South by Southwest festival in Austin, Texas, on Friday, with its official launch due on March 22.In the new installment, Angry Birds Space, developed by Finnish game studio Rovio, the birds and their arch enemies, the egg-stealing pigs, are launched into outer space. Samsung and Rovio have also teamed up to offer some exclusive levels of the version called the “Samsung Galaxy Note L
IndustryMarch 12, 2012
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Korea reports first suspected case of avian influenza
A suspected case of avian influenza was reported for the first time in South Korea in nearly 10 months with test results of a more detailed examination due later in the day, the government said Monday.A suspected case was filed Sunday by a poultry farm in South Chungcheong Province where about 100 out of some 450 chickens are showing symptoms of AI, according to the Ministry for Food, Agriculture, Forestry and Fisheries.About 40 chickens at the farm have already died with an initial test on 10 c
March 12, 2012